Material Type  

 학위논문

 

0015490838

Date and Time of Latest Transaction  

20200217181020

ISBN  

9781085615334

DDC  

330

Author  

See, Kurt .

Title/Author  

Essays on Social Insurance and Labor Markets

Publish Info  

[Sl] : University of Minnesota, 2019

Publish Info  

Ann Arbor : ProQuest Dissertations & Theses, 2019

Material Info  

228 p

General Note  

Source: Dissertations Abstracts International, Volume: 81-03, Section: A.

General Note  

Advisor: McGrattan, Ellen R.

학위논문주기  

Thesis (Ph.D.)--University of Minnesota, 2019.

Restrictions on Access Note  

This item must not be sold to any third party vendors.

Abstracts/Etc  

요약This dissertation consists of three chapters. In the first chapter, I study the macroeconomic and welfare consequences of introducing a universal healthcare system to replace the existing employer-based set-up in the U.S., paying particular attention to the reform's labor market effects. To study the policy, I develop an incomplete asset markets model with labor market frictions and medical expenditure risk over the life cycle. First, I compare the model-implied partial equilibrium employment responses to public health insurance generosity to existing empirical evidence. The model partially reconciles the puzzlingly wide range of estimates found in three microeconomic experiments conducted in Tennessee, Oregon, and Wisconsin. Next, I use the model to understand the general equilibrium effects of switching to universal healthcare. I find that it results in higher reservation wages and a corresponding reduction in firm vacancy creation, both of which lead to a quantitatively large decline in the job finding rate. The negative impact of the lower job finding rate outweighs the insurance benefits of generous public health coverage, resulting in substantial welfare losses among low-wealth households for whom employment is most valuable. In the second chapter (joint with Serdar Birinci), we investigate how unemployment insurance generosity should vary with the business cycle. We find that the optimal policy is countercyclical. Not only does the policy smooth the consumption of job losers, but also provides insurance against aggregate risk by reducing the need for excess savings during recessions. Meanwhile, the moral hazard effects of generous benefits are attenuated in recessions because jobs are scarce and thus, the forgone value of job search is low. In the third chapter (joint with Anmol Bhandari, Serdar Birinci, and Ellen McGrattan), we study survey data used for measuring business income and valuations. We document large inconsistencies between survey data and aggregated administrative data for statistics such as the level and distribution of business income, and the number of returns. These inconsistencies are attributable to both non-representative samples and measurement errors. Non-representativeness results from undersampling businesses with low income owners. Measurement errors emerge because respondents do not use relevant financial documents as basis for their responses while some survey questions suffer from framing problems.

Subject Added Entry-Topical Term  

Economics

Subject Added Entry-Topical Term  

Economic theory

Added Entry-Corporate Name  

University of Minnesota Economics

Host Item Entry  

Dissertations Abstracts International. 81-03A.

Host Item Entry  

Dissertation Abstract International

Electronic Location and Access  

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소장사항  

202002 2020

Control Number  

joongbu:566936